Common use of Later Sold Notes Clause in Contracts

Later Sold Notes. With respect to any outstanding Notes retained by the Issuer or originally issued to the sole owner (as determined for U.S. federal income tax purposes) of the Issuer and that are sold by such initial holder (or any Affiliate thereof) to an unrelated purchaser at a later time (a “Later Sold Note”), such sale will not be effective unless:

Later Sold Notes. With respect to any outstanding Notes retained by the Issuer or originally issued to the sole owner (as determined for U.S. federal 38 income tax purposes) of the Issuer and that are sold by such initial holder (or any Affiliate thereof) to an unrelated purchaser at a later time (a “Later Sold Note”), such sale will not be effective unless: